ZR2 Bioenergy - Quaterly Results [Chemicals]
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TL;DR
ZR2 Bioenergy faced challenges due to government policy changes, leading to unprofitable products and BIFR registration. In 2010-11, it recovered with positive net worth and now focuses on trading and commission activities.
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ChemicalsZR2 Bioenergyquarterly resultschemicalsBIFRtrading
The company was primarily engaged in the business of manufacturing and sale of various chemical products based on molasses and industrial alcohol. Due to change in the Government policy by way of decontrol of molasses and alcohol, the Company's products range had become non- profitable. Thus the Company had become sick company and was registered with Board for Industrial and Financial Reconstruction (BIFR). During the year 2010-11 as per order issued by the Board for Industrial and Financial Reconstruction the company has been ceased to be a sick industrial company, as its net worth turned positive and its revival is sustainable. Presently, the Company has been carrying out trading and commission related activities.